State Street

Depositary Analyst - GmbH, Associate 2

State Street
Not disclosed
28 Feb 2024
01 Mar 2024
Approved employers
Approved employer
Contract type
Full time
Experience level
Qualified accountant

General Position Summary:

As part of the Depositary Department, join a Team focused on the PE/RE environment, performing onboarding and some oversight duties on a set of clients. Work closely with colleagues from the Depositary oversight departments, Center of Excellence, and other State Street offices.

Specific Duties:

Onboarding of new clients:

  • Perform the analysis of the various funds’ structures with investments in private equities/real estate/infrastructure and direct debt.
  • Analyze funds’ documentation to identify the investment restrictions, distribution policy, valuation.
  • Identify risks for the fund to be launched and prepare the new business acceptance process.
  • Perform due diligence and set up operating memoranda with relevant parties (AIFM and other service providers such as fund accountants, investor services, etc.).
  • Prepare the setup of day-to-day operations linked to the requirements set by the AIFM Directive and the CSSF Circular 18/697.
  • Analyzing assets acquired by the fund and determine the flow of ownership verification.
  • Take part in the determination and assessment of relevant legal documentation on alternative structures such as private placement memoranda, share purchase agreements, corporate and financing documents, title deeds, and similar.
  • Ensuring implementation of and compliance with relevant internal procedures.
  • Assist the manager in the Depositary calls and interact with the different internal (CRM’s, Legal, Risk, Compliance, Fund Administration, etc.) and external (Promoters, AIFMs, CRMs, external service providers, etc.) parties.
  • Prepare escalation reports for AIFMs.
  • Participate to various projects.


  • Minimum Academic Qualification: University Master in Finance or equivalent.

Working Experience:

  • Professional experience in a bank, management company, or audit firm. A solid knowledge of fund structure, accounting, and custody flows.
  • At least 3 years of work experience either within the funds industry. Prior Trustee/Depositary or PE/RE Fund Administration experience is highly desirable.

Non-Technical Competencies:

  • Ability to analyze a situation and obtain information to reach sound conclusions.
  • Strong organizational skills, with attention to detail and meeting tight deadlines; pro-active, focused attitude towards work.
  • Excellent communication skills: ability to communicate and manage external relationships with clients to a strong professional standard.
  • Service-oriented and results-focused.
  • Ability to work independently.

PC Skills:

  • Microsoft Office (Word, Excel, PowerPoint)
  • Internet

Language Skills:

  • English, any other language is an advantage.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers, and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients.

Work, Live, and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance, and savings plans among other perks. You’ll have access to a flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences, and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program, and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

For further information, and to apply, please visit our website via the “Apply” button below.

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